American Century Companies Inc. Decreases Position in NBT Bancorp Inc. (NASDAQ:NBTB)

American Century Companies Inc. trimmed its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,294 shares of the bank's stock after selling 18,996 shares during the quarter. American Century Companies Inc. owned 0.81% of NBT Bancorp worth $18,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of NBT Bancorp by 66.5% in the fourth quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock worth $62,000 after buying an additional 517 shares during the period. Rialto Wealth Management LLC purchased a new stake in NBT Bancorp in the fourth quarter worth $87,000. US Bancorp DE lifted its position in shares of NBT Bancorp by 42.0% during the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank's stock worth $88,000 after purchasing an additional 543 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of NBT Bancorp during the fourth quarter valued at $98,000. Finally, KBC Group NV grew its holdings in shares of NBT Bancorp by 47.5% in the fourth quarter. KBC Group NV now owns 2,152 shares of the bank's stock worth $103,000 after purchasing an additional 693 shares during the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NBTB. Hovde Group began coverage on shares of NBT Bancorp in a report on Friday, March 21st. They set a "market perform" rating and a $50.00 price objective for the company. DA Davidson started coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They set a "neutral" rating and a $60.00 price target for the company. StockNews.com downgraded NBT Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 16th. Finally, Stephens upgraded NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $54.50.

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NBT Bancorp Stock Down 2.1 %

Shares of NBTB stock traded down $0.82 during trading hours on Friday, reaching $38.83. 396,611 shares of the company's stock were exchanged, compared to its average volume of 211,948. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 13.12 and a beta of 0.53. NBT Bancorp Inc. has a fifty-two week low of $32.93 and a fifty-two week high of $52.44. The stock's 50 day moving average is $45.51 and its 200-day moving average is $46.66.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.34 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.50%. NBT Bancorp's dividend payout ratio (DPR) is presently 45.95%.

Insider Buying and Selling at NBT Bancorp

In other news, EVP Sarah A. Halliday sold 5,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $48.45, for a total transaction of $242,250.00. Following the sale, the executive vice president now directly owns 25,564 shares in the company, valued at $1,238,575.80. This trade represents a 16.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi M. Hoeller purchased 678 shares of NBT Bancorp stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $48.45 per share, with a total value of $32,849.10. Following the acquisition, the director now directly owns 6,437 shares in the company, valued at $311,872.65. This trade represents a 11.77 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is owned by corporate insiders.

NBT Bancorp Company Profile

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.